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In the previous ShepWave Update I mentioned the probability of a 'throw over' followed by weaker action. Now What? go to www.shepwave.com for the regular scheduled update for Thursday Morning.

Shep


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We at ShepWave would like to wish everyone a Happy Holiday. We have subscribers from all over the world from many religions. The purpose is the same: to find the same GOD. We wish you health and happiness in all of your lives.

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The Dow falls 31 in large part on reports Toyota could become the world's largest auto producer next year. Housing starts jump. Inflation fears weaken. Wal-Mart faces another investigation.



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The Dow Industrials and the S&P 500 indexs ended up last week; while the Nasdaq 100 index ended down. What are the markets trying to tell us? Will the current rally continue? Go to http://www.shepwave.com/ for today's update to see current ShepWave targets for the indexes.



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NEW YORK (Reuters) - Investors will sort through data on housing, durable goods and inflation plus earnings from companies like FedEx Corp. and Morgan Stanley next week, but none are expected to pack enough punch to undo the year's gains and derail Dow's push toward 11,000.

And as usual, the market will keep a close watch on the price of crude oil, which closed solidly below $60 a barrel on Friday, easing concerns that high energy costs will pinch corporate and household budgets.

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Oracle profit dips even as sales jump
Net profit off 2% after currency effect, higher expenses
By Michael Paige, MarketWatch
Last Update: 8:37 PM ET Dec. 15, 2005 [ Page 1 | 2 ]
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LOS ANGELES (MarketWatch) -- Oracle Corp. said Thursday its quarterly net slipped 2% as the database software company posted an increase in sales but felt the effects of adverse currency-exchange rates and higher expenses following a spate of acquisitions.


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Blue chips, S&P close higher, but Apple downgrades weigh on Nasdaq.


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ConocoPhillips eyes $30 billion deal
Negotiating to buy U.S. producer Burlington Resources
By MarketWatch
Last Update: 9:46 PM ET Dec. 11, 2005
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SAN FRANCISCO (MarketWatch) -- ConocoPhillips is in negotiations to buy oil and gas producer Burlington Resources Inc. for more than $30 billion, according to a media report Sunday.


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It's not just inflation worries driving gold futures to new highs. Here are some ways you can still stake a claim in the rally by investing in companies that mine the metal.

By Robert Walberg


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SAN FRANCISCO (Reuters) - Intel Corp. on Thursday set a sales target slightly below the Wall Street average, sending shares lower as the world's largest chip maker dashed some hopes raised by more bullish rivals.

Intel, which makes the microprocessors found in nearly 90 percent of personal computers worldwide, said it now expects revenue of $10.4 billion to $10.6 billion, in the middle of its previous range of $10.2 billion to $10.8 billion.

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as of 2:30 today current shepwave option trade that we opened yesterday in the QQQQ is up over 20%.
DIA position is up over $.50.
Don't miss the next trading opportunity in the markets.
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for charts and explanation of why today's market action could be very revealing to the future go to www.shepwave.com

Have a great day.

Shep

S&P and Nasdaq surge to 4½-year highs before cooling off
Data on U.S. productivity and wages fuel buying and boost indexes, though profit takers trim back gains.




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By Mark Cotton, MarketWatch
Last Update: 4:32 PM ET Dec. 5, 2005 [ Page 1 | 2 ]
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NEW YORK (MarketWatch) -- U.S. stocks ended lower Monday, hurt by a rise in oil prices, a jump in long-term interest rates and weaker-than-expected data, but shares of Guidant Corp surged on a surprise $25 billion takeover offer from Boston Scientific.



MARKETWATCH TOP NEWS
U.S. stocks end lower on oil spike, interest rate fears
Guidant gets $25B offer from Boston Scientific
Cold snap sets bulls in motion
NYSE valued at $6 billion ahead of Archipelago vote
GM to sell $20 billion in auto loans




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The Dow Jones Industrial Average ($INDU:
Dow Jones Industrial Average
News, chart, profile
Last: 10,835.01-42.50-0.39%

4:30pm 12/05/2005

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FinancialsMore $INDU$INDU10,835.01, -42.50, -0.4%) was down 42.5 points at 10,835.01.

The Nasdaq Composite Index ($COMPQ:
Nasdaq Composite Index
News, chart, profile
Last: 2,257.64-15.73-0.69%

5:16pm 12/05/2005

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FinancialsMore $COMPQ$COMPQ2,257.64, -15.73, -0.7%) fell 15.73 points to 2,257.64 while the S&P 500 Index ($SPX: S&P 500 Index
News, chart, profile
Last: 1,262.09-2.99-0.24%

4:59pm 12/05/2005

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FinancialsMore $SPX$SPX1,262.09, -2.99, -0.2%) dropped 2.99 points to 1,262.09.

"The back-up in crude-oil prices is the only reason I see behind the pullback," said Paul Nolte, director of investments at Hinsdale Associates. "Other than that, we've had a terrific run in the market over the last four to five weeks, so we may be seeing just a little bit of profit taking in what will be a very slow week for economic data."

Within the Dow industrials, General Motors Corp. (GM:
General Motors Corporation
News, chart, profile
Last: 22.13+0.05+0.23%

4:02pm 12/05/2005

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FinancialsMore GMGM22.13, +0.05, +0.2%) eked out a 5 cent gain to end at $22.13 after its financial services subsidiary, General Motors Acceptance Corp., said Monday afternoon it has agreed to sell up to $20 billion in U.S. car loans to the Bank of Nova Scotia's (BNS: bank nova scotia halifax com
News, chart, profile
Last: 39.41+0.51+1.31%

3:52pm 12/05/2005

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FinancialsMore BNSBNS39.41, +0.51, +1.3%) Scotia Capital over five years. See full story.

Elsewhere on the Dow, Wal-Mart Stores Inc. (WMT:
Wal-Mart Stores, Inc.
News, chart, profile
Last: 47.14-0.83-1.73%

4:01pm 12/05/2005

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FinancialsMore WMTWMT47.14, -0.83, -1.7%) traded lower for the seventh session in a row as investors remained nervous about the holiday shopping season following mixed reports on sales over the Thanksgiving holiday. The stock ended down 1.7% at $47.14.

For those investors worried about inflation, there was some good news out of the Institute for Supply Management. Although its services index showed a slightly faster-than-expected slowdown in the U.S. services sector in November, the prices-paid index, a component of the report, dropped to 74% from 78%.

Nevertheless, "there is still significant concern about the relatively high level of energy prices and its impact on freight costs and on the prices of other materials and services," ISM said. See full story.


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Jubak's Journal
5 stocks ready to ring in 2006
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The year-end rally has been strong, but looks ready to fade. As investors dump hot technology and consumer stocks, corporate spending will drive the new winners.

By Jim Jubak

Now what? We're within shouting distance of a change in market leadership. If you're looking out even six months, the time horizon of my weekly picks for CNBC, this isn't the time to chase the winners in this rally but to look ahead to the first half of 2006.

I think it's time to think about taking some of the profits from this end-of-the-year rally in the technology and consumer sectors and putting them to work in the stocks of companies that produce goods and services for corporate customers.

The stock market is in the midst of one of its traditional year-end rallies.
Leading the way have been technology stocks such as Marvell Technology Group (MRVL, news, msgs), up 19% in the last month, and Komag (KOMG, news, msgs), up 28%; and consumer stocks such as Amazon.Com (AMZN, news, msgs), up 22%, and Williams-Sonoma (WSM, news, msgs), up 12%.See the news
that affects your stocks.
Check out our
new News center.

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By Jasmina Kelemen, MarketWatch
Last Update: 12:01 AM ET Dec. 3, 2005 [ Page 1 | 2 ]
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SAN FRANCISCO (MarketWatch) - Investors will face new economic reports on productivity and consumer sentiment in the week ahead as they puzzle over whether the market's rally is running out of steam.



EARNINGSWATCH
Noven, Disney, Clear Channel
Stocks seen continuing mixed performance
The week's top news and analysis, Nov. 28-Dec. 2
Atwood Oceanics quarterly earnings jump; tax refund received




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The week's comparatively light dose of economic data, which also includes November's ISM non-manufacturing index, is unlikely to reverse optimism over healthy economic reports last week.

But despite the economy's solid growth, Wall Street's indexes turned in a mixed performance for the week just ended and some investors wondered whether any more money remains to push the benchmarks higher.

"We've reached new highs on most of the market averages and the question for me is where is the money going to come from to push the market considerably higher?" said Kenneth Tower, chief market strategist at CyberTrader.

"I don't see it, frankly. The stock market has gone up for 3 years now, anyone who hasn't invested yet, I don't see what's going to push them in now," he said.

"It's hard to come up with a scenario where a lot of money on the sidelines goes into stocks."

The Dow Jones Industrial Average ($INDU:
$INDU
News, chart, profile
Last:


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FinancialsMore $INDU$INDU, , ) , which jumped more than 100 points Thursday, ended down 35.06 points Friday at 10,877.51. For the week, the benchmark index fell 0.5%.

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Higher energy prices push stocks lower, producing the first weekly loss since October. But bulls see job gains and other indicators pushing the market higher by year-end. Icahn makes a bid for control of Fairmont.
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The question facing investors next week is what to make of this past week. Or, put another way, is the year-end rally still intact?

Friday suggested that the rally that could be running out of gas. The Dow Jones industrials were down about 35 points on the day and, despite Thursday's rally of nearly 106 points, finished the week down about 54 points. The week, in fact, was wacky enough that UBS Financial Services' Art Cashin likened it to "commuting by roller coaster."

All three major indexes finished lower on the week, though not a lot. But streaks ended this week: Through last week, the Dow and the Standard & Poor's 500 Index had risen for five straight weeks. The Nasdaq Composite had risen for six straight weeks. The S&P 500 and the Nasdaq Composite were both up slightly Friday.

Hopes the Dow would climb through 11,000 for the first time since June 2001 were obviously disappointed.

Still, there was plenty of bullish talk on Friday. Oak Associates' Ed Yardeni, a veteran pundit since the 1980s, said he was certain the Dow will charge through 11,000 if not in December than early in 2006. There was talk about the strength of corporate earnings, the improving job market, how resilient the economy had proven after the devastation of Hurricanes Katrina, Rita and Wilma.

And sectors you want to see move higher just now are, in fact, doing just that. The Philadelphia Semiconductor Index ($SOX.X, news, msgs) is up 13.4% since Oct. 28. The Standard & Poor's Banking Index ($BIX.X, news, msgs) is up nearly 9% since Oct. 7. It was up nearly 1% Friday after the Semiconductor Industry Association said industry sales reached $20 billion in October, up nearly 7% from a year ago.

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MARKET SNAPSHOT

December gets off to a strong start
Dow jumps 106 points; gold ends above $500

By Mark Cotton, MarketWatch
Last Update: 4:41 PM ET Dec. 1, 2005 [ Page 1 | 2 ]
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NEW YORK (MarketWatch) -- U.S. stocks closed sharply higher Thursday as a raft of inflation-friendly data sparked a rally in technology shares and handed the Dow Jones Industrial Average its first triple-digit gain in more than a month.



MARKETWATCH TOP NEWS
U.S. stocks end higher; Dow jumps 106 pts
White House bumps up 2005 GDP forecast to 3.5%
Imported auto parts make deep advance in U.S.
Enough bad-mouthing Merck
XL CEO O'Hara under pressure to resign, analyst says




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Metals prices also kept up their bullish pace, and gold closed above $500, a feat not seen since 1987.

The Dow ($INDU:
Dow Jones Industrial Average
News, chart, profile
Last: 10,912.57+106.70+0.99%

4:30pm 12/01/2005

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FinancialsMore $INDU$INDU10,912.57, +106.70, +1.0%) rose 106.70 points, or 1%, to 10,912.57, its first gain of more than 100 points since Oct. 28.

The Nasdaq Composite Index ($COMPQ:
Nasdaq Composite Index
News, chart, profile
Last: 2,267.17+34.35+1.54%

5:16pm 12/01/2005

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FinancialsMore $COMPQ$COMPQ2,267.17, +34.35, +1.5%) climbed 34.35 points, or 1.5%, to 2,267.17. The tech-rich index put in its best one-day performance in six weeks.

The S&P 500 Index ($SPX:
S&P 500 Index
News, chart, profile
Last: 1,264.67+15.19+1.22%

4:59pm 12/01/2005

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FinancialsMore $SPX$SPX1,264.67, +15.19, +1.2%) tacked on 15.19 points to close at 1,264.67.

"You seem to be getting this period where growth is coming through, but it isn't aggravating inflation and thereby long-bond yields," said Jim Paulsen, chief investment officer at Wells Capital Management. "For the stock market, there's not a lot that can be better than that."

Among components of the Dow, McDonald's (MCD:
McDonald's Corporation
News, chart, profile
Last: 35.33+1.48+4.37%

4:02pm 12/01/2005

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FinancialsMore MCDMCD35.33, +1.48, +4.4%) rallied to a 5 1/2-year high of $35.38 as investors bet that higher personal incomes and consumer spending will bode well for the fast-food giant. See full story.

Alcoa (AA:
alcoa inc com
News, chart, profile
Last: 28.28+0.87+3.17%

4:00pm 12/01/2005

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FinancialsMore AAAA28.28, +0.87, +3.2%) climbed as much as 3.2% to $28.28 amid a broad rally in metals.

Intel (INTC:
Intel Corporation
News, chart, profile
Last: 27.18+0.50+1.87%

4:00pm 12/01/2005

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FinancialsMore INTCINTC27.18, +0.50, +1.9%) rose 1.9% to $27.18 after analysts at Bear Stearns said the company likely will raise its fourth-quarter revenue outlook when it provides a midquarter update on Dec. 8. That helped semiconductor stocks ($SOX: phlx semiconductor index sox
News, chart, profile
Last: 501.91+20.27+4.21%

4:03pm 12/01/2005

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FinancialsMore $SOX$SOX501.91, +20.27, +4.2%) put in their best one-day gain in nearly 10 months, surging more than 4%. See full story.

Not all was happy within the Dow component stocks. Wal-Mart (WMT:
Wal-Mart Stores, Inc.
News, chart, profile
Last: 48.03-0.53-1.09%

4:02pm 12/01/2005

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FinancialsMore WMTWMT48.03, -0.53, -1.1%) fell as much as 2.1% to $47.53 after the discount retailer said it expects December same-store sales in the range of 2% to 4%, which is a narrower forecast range than its November target of 3% to 5% same-store sales growth. See full story.

On the broader market for equities, advancers outpaced decliners by more than three to one on the New York Stock Exchange and by more than two to one on the Nasdaq.

Energy ($XOI:
amex oil index
News, chart, profile
Last: 1,005.30+32.89+3.38%

4:05pm 12/01/2005

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FinancialsMore $XOI$XOI1,005.30, +32.89, +3.4%) and oil services stocks ($OSX: phlx euro style oil svc index osx
News, chart, profile
Last: 183.74+5.97+3.36%

4:04pm 12/01/2005

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FinancialsMore $OSX$OSX183.74, +5.97, +3.4%) also rallied strongly.

Volume was heavy with 1.86 billion shares traded on the Big Board, while 1.52 billion were exchanged on the Nasdaq.

On a historical basis, investors can look forward to further gains in December after a solid performance in November.

On average, the Dow industrials has gained 1.8% in December since 1950, according to the Stock Trader's Almanac. The Nasdaq Composite has risen 2.1% while the S&P 500 has gained 1.7%.

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